Cineworld Group plc (LON:CINE) insider Arni Samuelsson acquired 9,500 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of GBX 305 ($3.99) per share, for a total transaction of £28,975 ($37,860.97).
Cineworld Group stock opened at GBX 308.60 ($4.03) on Friday. The company has a market capitalization of $4.23 billion and a PE ratio of 13.78. Cineworld Group plc has a 12 month low of GBX 241.80 ($3.16) and a 12 month high of GBX 325.40 ($4.25). The company has a debt-to-equity ratio of 118.40, a quick ratio of 0.52 and a current ratio of 0.64.
The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 13th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 2.56%. This is an increase from Cineworld Group’s previous dividend of $0.05. Cineworld Group’s dividend payout ratio is currently 0.58%.
Several equities analysts have recently commented on the company. Berenberg Bank reaffirmed a “buy” rating on shares of Cineworld Group in a research report on Thursday. Barclays reaffirmed an “equal weight” rating and issued a GBX 315 ($4.12) target price on shares of Cineworld Group in a research report on Thursday, May 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Cineworld Group in a research report on Wednesday, May 15th. Canaccord Genuity upped their target price on Cineworld Group from GBX 350 ($4.57) to GBX 355 ($4.64) and gave the company a “buy” rating in a research report on Wednesday, March 27th. Finally, Peel Hunt reaffirmed an “add” rating on shares of Cineworld Group in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 379.56 ($4.96).
About Cineworld Group
Cineworld Group plc engages in the cinema business. It is also involved in cinema property leasing and screen advertising activities, as well as ticket booking, film distribution, finance, and software development operations. The company operates its cinema sites under the Cineworld Cinemas, Picturehouse, Cinema City, Yes Planet, and Rav-Chen brands.
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